Answer:
The Journal Entry is as follows:
Loss on Impairment $8,400
Debt Investment ($8,400)
Explanation:
Given.
Carrying Value = $79,200
Decreased Value = $70,800
Differences = $79,200 - $70,800
Differences = $8,400
Since the loss in value is determined, uncollectible.
The required entry on the journal entry are the amount loss on impairment and the amount invested on debt.
The Journal Entry is as follows:
Loss on Impairment $8,400
Debt Investment ($8,400)
Answer: 29.93%
Explanation:
You can use Excel to solve for this.
Bear in mind that when given a series of cashflows, the expected return is the Internal Rate of Return (IRR).
Initial investment = $32
First cashflow = $1.25
Second cashflow = $1.31
Third cashflow = $1.38 + $65 selling price = $66.38
IRR = 29.93%
True or false: Control involves developing goals and preparing various budgets to achieve those goals. True false question. <u>False</u>
<h3>What is goal?</h3>
A goal is a vision for the future or a desired outcome that an individual or group of individuals commits to envisioning, planning, and achieving. By creating deadlines, people attempt to accomplish goals within a certain amount of time.
A goal is akin to a purpose or aim, the anticipated outcome that directs behavior, or an end, which is a thing, whether it be a tangible thing or an abstract thing, that has inherent value.
To learn more about goal from the given:
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1. Amount of bond liability Balance Sheet
2. Description of bond liability. Footnotes
3. Interest rates associated with bond issuances. Balance sheet
4. Interest paid for the period. Profit and Loss Account
5. Maturity dates associated with bond issuances. Balance sheet.
6. Cash interest paid during the period. cash flow statement.
A balance sheet (also known as a balance sheet or management report) is a personal Or a summary of the organization's financial balance. commercial entity.
Assets, liabilities, and equity are listed as of a specific date (such as the end of the fiscal year). A balance sheet is often referred to as a "snapshot of a company's financial position." of the four basic degrees.
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Answer: $101,250
Explanation:
Given that,
Expects to purchase material in July = $90,000
Expects to purchase material in August = $105,000
August's cash disbursements for materials purchases:
= 75% of August purchases + 1/4 of July purchases
= 0.75 × $105,000 + 0.25 × $90,000
= $78,750 + $22,500
= $101,250
